In this article, we’re exploring answers to “why hasn’t my direct deposit gone through yet?”
This will include sharing a few helpful tips to get up-to-date information about your deposit to ensure it’s successful.
This article is part of our free series on how to send money online through bank transfers, direct deposit, and more, which you can access for free by clicking here.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Why Hasn’t My Direct Deposit Gone Through Yet?
- How to Make Sure My Bank Receives My Funds
- Frequently Asked Questions
- Ready to Explore Your Options?
Why Hasn’t My Direct Deposit Gone Through Yet?
If your direct deposit hasn’t gone through yet, it’s possible that it was initiated after the nearest cutoff time. If this is the case, then the direct deposit will be delayed and sent during the next processing window. Additionally, direct deposits only get sent during fixed hours. This may also be the reason you have not received a direct deposit yet.
Also, it’s important to note that direct deposits are not processed on weekends, holidays, or outside of regular hours. This is because the network that is used to process direct deposits (the ACH network) requires access to the Federal Reserve Settlement Service in order to be processed. Which closes on weekends and every evening at 6:30 PM Eastern Time.
So, if a direct deposit is initiated outside of the regular processing times it is possible that it will take longer for a transfer to arrive. Fortunately, when payroll and other fixed payments are being scheduled, they typically get processed before cutoff times. And, in case there is a national or bank holiday, most payroll is scheduled before the holiday not after.
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How to Make Sure My Bank Receives My Funds
You can make sure your bank receives your funds by using a proven method for transferring or depositing money into your account. Alternatively, if you are using a funding source (or someone else is transferring money to you) for the first time, there are a few steps you can take to guarantee delivery.
Ways to Make Sure My Bank Receives My Funds
Confirm Account Information
Make sure the sending party has the correct information before scheduling a direct deposit, including both personal and bank information.
Confirm Processing Times
Make sure the sending party initiates direct deposits during the correct processing windows so your funds arrive on time.
Inform Your Bank
In addition to making sure the sending part has the necessary information and processes on time, you can also contact your bank before a new payee initiates a transfer.
While informing your bank will not necessarily speed up delivery of your funds, it will ensure that the bank does not cause any additional delays in your funds being received. This is especially important if you are expecting to receive a large transfer.
Frequently Asked Questions
Below are two of the most common questions that we receive from people asking “why hasn’t my direct deposit gone through yet?”. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Why Haven’t I Got My Direct Deposit Yet?
It’s possible that you haven’t got your direct deposit for a few reasons. For example, if a direct deposit was initiated outside of regular processing hours it could be delayed. Also, if you are receiving a direct deposit from a new payee, it’s possible that the deposit is still being verified. Alternatively, if you are receiving a deposit from an existing payee, maybe the payment is delayed due to a national or bank holiday.
Why Is My Direct Deposit Taking So Long?
Your direct deposit might be taking so long if it was processed outside of regular hours. Or, during a national or bank holiday. It also might be taking long if the deposit is being sent by a new payee and the transaction is still not verified.
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